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Gold/Mining/Energy : Mosquito Gold (vse:msq)

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To: bully who wrote (1)	4/10/1999 11:21:00 PM
From: bully	of 5

Van Sun says BCSC claims Stanhiser fleeced flock BC Securities Commission BCSEC Shares issued 0 1899-12-30 close $0 Monday Aug 17 1998 Also Golden Hat Resources Inc (GHA) Also "Mosquito Consolidated Gold Mines" (MSQ) Also Samex Mining Corp (SXG) Also Kensington Resources Ltd (KRT) Also IMA Exploration Inc (IMR.A) Also Pan Asia Mining Corp (PAR) The Vancouver Sun reports in its Saturday edition, in the first part of a four-part series on Gary Stanhiser of Excel Asset Management, that the British Columbia Securities Commission alleges the preacher fleeced his flock for millions. Reporter David Baines says that brokers working for the most prominent securities dealer on Howe Street and a half-dozen companies listed on the Vancouver Stock Exchange helped the former Seventh Day Adventist preacher-cum-confidence man orchestrate an investment scheme that duped hundreds of investors during 1995 to 1997. Mr Stanhiser funnelled at least $12.3-million of their money into his offshore companies to reinvest in highly speculative stocks that trade on the VSE in Canada and the OTC bulletin board in the United States. Although the BCSC alleges the scheme violated numerous securities rules, no one involved blew the whistle on Mr Stanhiser. He later became the controlling shareholder of Vantage Securities.

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